Analyst Updates XRP Price Prediction: Why $16 Is Still On The Table
A crypto analyst who beforehand predicted that the XRP value might rise towards $16 has now up to date his outlook to the next goal. In line with the revised projection, XRP is getting ready to rally above $18, a stage that will symbolize a staggering 369% surge from its present all-time excessive of about $3.84
Up to date XRP Worth Forecast Eyes Breakout Above $16
Crypto market analyst ChartNerd has updated his XRP value outlook from a earlier evaluation, reinforcing his bullish stance whereas outlining two potential market eventualities. He described the construction in his chart evaluation as a Staircase to Valhalla, implying that XRP might transfer by way of distinct phases towards the next valuation above $18, slightly than experiencing a single explosive surge.
In his submit on X, the skilled said that XRP is reacting positively from a key Vertical Accumulation Assist zone that has acted as a protection barrier for roughly 13 months round $1.99. He emphasised that this space efficiently held value and is now serving as the bottom layer for a possible continuation greater.
In line with the analyst’s chart, Situation 1, which reveals XRP already transferring above the Vertical Accumulation Assist space, stays the extra bullish consequence and at present has the benefit. Nevertheless, he cautions that affirmation will solely come if XRP can break above the Vertical Accumulation Resistance zone between $3.1 and $3.7. If this occurs, a stronger value rally may be validated.
Notably, ChartNerd outlines a ultimate “Markup” section with a bullish goal of $18-$22 for XRP. This projection displays a steep enlargement zone proven on the chart following a profitable breakout from the Vertical Accumulation Resistance and a subsequent consolidation interval.
ChartNerd additionally outlines a second situation, which presents a extra bearish path for XRP. On this case, the cryptocurrency might dip beneath $1.5 from its present value above $2 earlier than trying to strategy the vertical accumulation resistance once more. Within the close to time period, he agreed that XRP is at present at assist and recommended {that a} break above $2.20 might open the door to additional upside.
Analyst Says 2026 Will Be A Landmark 12 months For XRP
In a current submit, ChartNerd shared a chart highlighting a historic construction that intently mirrors XRP’s value habits in 2016. Throughout that interval, XRP was quietly constructing momentum that ultimately fueled its bullish surge in January 2018.
ChartNerd has recommended that if historical past repeats itself, 2026 might turn out to be a landmark year for XRP, doubtlessly setting new data and marking a serious milestone for the cryptocurrency. The analyst described the 2026 sample as an uncannily related formation, that includes the identical Double High formation and wick drop seen within the 2016 construction. Moreover, each timelines skilled a Stochastic Relative Power Index (SRSI) reset, reinforcing the skilled’s thesis that XRP might replicate its 2016 bullish pattern in 2026.
